Posts Tagged ‘tenancy’

Assured shorthold tenancy

The tenancy agreement that you are most likely to be given is called an Assured Shorthold Tenancy. This contract is a fixed term contract, you can ask for a clause to be put in the contract (break clause) which will allow you to give notice to end the tenancy early.Take time to read through the Tenancy Agreement before you commit yourself.

Licence

A Licence is a permission to occupy a room in a resident landlords flat/house provided the landlord shares common facilities i.e. bathroom, kitchen and lounge. The length of the Licence Agreement is to be mutually agreed between both the landlord and the tenant. To terminate the licence, reasonable notice must be given by both parties.

 

 

 
 

What is a Tenancy Deposit Protection Scheme?

November 18, 2010
by James Tilley

From 6 April 2007, all deposits taken by landlords for Assured Shorthold Tenancies (rent less than £25,000 per annum) must be protected by a Tenancy Deposit Protection Scheme. From this date, tenants should ask their landlords about the details of the scheme when signing a new tenancy agreement.
Tenancies where the rent is more than £25,000 per annum (£480 per week) will not be protected under the Tenancy Deposit Protection Scheme